Heitech Padu Berhad

PETALING JAYA: MyEG Services Bhd and HeiTech Padu Bhd have commenced their partnership to ensure the successful implementation of various e-government projects in Malaysia.

KUALA LUMPUR: MY EG Services Bhd and HeiTech Padu Bhd have commenced their partnership as per their teaming agreement to implement various e-government projects in Malaysia.

KUALA LUMPUR: Shares in HeiTech Padu Bhd were down nearly 7% at its lowest on Monday as trading resumed following the announcement it had won the bid for the immigration department's RM892.2mil National Integrated Immigration System (NIISe) project.

HeiTech Padu Bhd has secured a contract worth RM892.20mil for the Malaysian Immigration Department’s National Integrated Immigration System (NIIse).

KUALA LUMPUR: HeiTech Padu Bhd today announced that it has bagged a RM892.2m job to design, build and deliver the National Integrated Immigration System (NIISe) for the Immigration Department.

© New Straits Times Press (M) Bhd

PETALING JAYA: HeiTech Padu Bhd has secured a contract worth RM892.20mil for the Malaysian Immigration Department’s National Integrated Immigration System (NIIse).

Kuala Lumpur: Trading in the shares of HeiTech Padu Bhd has been suspended from 9am until 5pm today pending an announcement relating to a material contract.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Shares in HeiTech Padu Bhd have been suspended on Friday, pending a material announcement from the company related to a material contract.

HeiTech Padu Bhd, a company spe-cialising in information technology systems, is renowned for its expertise in developing information and communication technology systems and infrastructure for both the public and private sectors.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Non-bank financial institution Souqa Fintech Sdn Bhd is considering legal action against HeiTech Padu Bhd after a surprise termination of its deal to acquire a 30 per cent stake in Souqa Fintech.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Non-bank financial institution Souqa Fintech Sdn Bhd is considering legal action against HeiTech Padu Bhd after a surprise termination of its deal to acquire a 30 per cent stake in Souqa Fintech.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: HeiTech Padu Bhd has terminated its agreement to buy a 30 per cent stake in integrated online payment platform Souqa Fintech Sdn Bhd.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: HeiTech Padu Bhd, which received an unusual market activity query from Bursa Malaysia, says it is unaware of any corporate development that caused the sharp rise in its shares price and trading volume recently.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: HeiTech Padu Bhd, which received an unusual market activity (UMA) query from Bursa Malaysia, said it is unaware of any reason for the sharp rise in its share price and trading volume recently.

KUALA LUMPUR: Souqa Fintech Sdn Bhd, a non-bank financial institution that is being acquired by HeiTech Padu Bhd, has cut its ties with Mirzan Mahathir.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Mirzan Mahathir has exited online payment platform Souqa Fintech Sdn Bhd, after HeiTech Padu Bhd’s (HeiTech) subsidiary emerged as a substantial shareholder in the platform.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Stocks to watch on Monday include Gamuda Bhd, Powerwell Holdings Bhd, Citaglobal Bhd, Talam Transform Bhd, HeiTech Padu Bhd and Propel Global Bhd.

$HTPADU / 5028 (HEITECH PADU BERHAD)

Titan Trading Notes For Wednesday [18/9/2024]:

$KLCI had a good breakout back towards the 1664 points regions with an overall positive market sentiment today after the past few weeks of selling down. Daily trading volume settled around the 3.1 billion mark, which is still average.

Main stocks that showed strong buying momentum today would be the likes of TOPGLOV, SUPERMX, CAREPLS, KOSSAN, HARTA, MYEG, CIMB, WCT, IHH, MALAKOF, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) was definitely the star performer today after hitting its limit up price at RM 3.14. This came after the US government increasing its tariffs on Chinese goods. As such, glove manufacturers from Malaysia that has exposure in the US will benefit greatly from this.

For now looking quite strong here and as long as able to sustain above its RM 2.90 immediate support levels on the daily chart, could continue on a major trend reversal and start trending upwards to the RM 3.50+ levels soon.

Will be monitoring HARTA closely as they have the highest exposure in US among other glove companies.

$HTPADU / 5028 (HEITECH PADU BERHAD) on the other hand also hit its limit up price of RM 2.99, definitely another star player here after announcement of its contract from JPJ with a value of over RM 120 million.

Even after it hit limit up price, the company's market share capitalization is standing at around RM 330 million. As long as it's able to sustain above its RM 2.63 immediate support, could continue on towards and beyond its RM 3.10+ regions soon.

Will be monitoring HTPADU closely here.

$WCT / 9679 (WCT HOLDINGS BERHAD) on the other hand after retracing all the way back towards the RM 0.91+ major support levels over the past 2 weeks, had been able to form a stable base there and breakout from its RM 1.03 main downtrend resistance today.

For now looking very strong for an uptrend continuation pattern here as long as able to sustain above its RM 1+ regions, could continue on towards and beyond the RM 1.16+ regions soon.

Will be monitoring WCT closely

HeiTech Padu Closes at Six-Month High on News of Possible NIIse Project Win

Shares of HeiTech Padu Bhd closed at a six month high of RM2.99 after a financial weekly, quoting sources, said it is once again a front runner for the multi-billion National Integrated Immigration System (NIIse) project.

The report said HeiTech Padu is likely to announce the award soon having made a comeback after being dropped from the project shortlist in May.

The NIISe project aims to integrate the border control system under various agencies of the Ministry of Home Affairs.

The company's share price has more than tripled since January this year.

In April 2024, HeiTech Padu in a statement said its ability to consistently deliver is a key reason for its success in securing high-profile government contracts based on merit across different government administrations.

It secured a contract worth RM190.01 million from the Road Transport Department Malaysia (JPJ) in April this year.

The contract is for the maintenance and technical support for ICT Infrastructure including the vehicle and driver information system (MySIKAP) at the data centre and JPJ offices.

Last Friday, HeiTech Padu secured another project from the Road Transport Department, worth RM133.73 million, to build, supply, deliver, install, configure, integrate, test and commission its hardware, software and digital systems.

The contract's duration will be 36 months from Oct 1, 2024 to Sept 30, 2027.

$HTPADU / 5028 (HEITECH PADU BERHAD)

https://cutt.ly/seTEBBGt

NIISe Bid Race to be Revealed Soon: Who Will Emerge Victorious?

Recent reports suggest that $DNEX / 4456 (DAGANG NEXCHANGE BERHAD) and $THETA / 9075 (THETA EDGE BERHAD) are currently leading the bid for the National Integrated Immigration System (NIISe) project. According to sources cited by The Edge, the tender committee met last week to shortlist the proposed awardees, with an official announcement expected soon.

$IRIS / 0010 (IRIS CORPORATION BERHAD) originally secured the project in 2021 with a bid of RM1.16 billion. However, the contract was terminated in August last year due to delays.

The NIISe project aims to integrate border control systems across various units under the Ministry of Home Affairs, enhancing national border security and improving immigration management efficiency.

DNEX’s bid is higher, ranging between RM1.1 billion and RM1.2 billion, and proposes using the existing government system. In contrast, Theta's bid is lower at RM800 million, suggesting the development of a new border control system. Sources indicate that DNEX’s proposal is more standardized and rigorously tested, while Theta offers a cost advantage but needs to focus more on system development.

Rumors also suggest that Theta is preparing to poach senior executives from $HTPADU / 5028 (HEITECH PADU BERHAD), another shortlisted bidder. The NIISe project bid is highly competitive, with DNEX, Theta, and HeiTech Padu emerging as the final three contenders. Previously, $REDTONE / 0032 (REDTONE INTERNATIONAL BERHAD) was also in the race. BJCORP founder Tan Sri Vincent Tan, who holds a 40.79% stake in REDtone Digital, has acquired 600,000 shares in Theta and 3.2 million shares in DNEX.

Despite REDtone Digital’s active maneuvers, they eventually paused, leaving DNEX, Theta, and HeiTech Padu as the top contenders.

Interestingly, Theta's share price has outperformed DNEX recently. Over the past month, Theta's share price has increased by almost 50%, while DNEX’s share price has decreased by 6%. This performance, coupled with Theta's recent contract awards, suggests that Theta might have a higher chance of winning the NIISe project.

Titan Weekend Chart Reviews

$HTPADU / 5028 (HEITECH PADU BERHAD)

Since breaking out towards the RM 3.15+ regions, had been retracing and consolidating over the past 6 months here.

Recently able to breakout from the RM 2.20 main downtrend resistance and as long as able to sustain, could continue on towards and beyond the RM 2.60+ regions.

Support: RM 2.20, RM 2, RM 1.87 areas
Resistance: RM 2.30, RM 2.40, RM 2.50, RM 2.61 areas

Changes in Director's Interest (Section 219 of CA 2016) - DATO' SRI MOHD HILMEY BIN MOHD TAIB

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' SRI MOHD HILMEY BIN MOHD TAIB

General Meetings: Outcome of Meeting

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' SRI MOHD HILMEY BIN MOHD TAIB

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - DATO' SRI MOHD HILMEY BIN MOHD TAIB

Additional Listing Announcement /Subdivision of Shares